Did Twitter Just Spark A Bank Run In Latvia?
Twitter has been a part of revolutions and riots – and now you can add a run on a bank to that list.
Stockholm-based bank Swedbank saw over a third of its ATMs in Latvia wiped out this past weekend, because of rumors spread on Twitter that the bank was in trouble.
According to the Wall Street Journal, rumors began on Twitter that claimed that Swedbank had shut down its ATMs in Latvia, that it’s branches in Estonia had all been closed, and that its chief executive had been arrested.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in